LatAmOil - Latin America Oil & Gas

Olmeca makes its debut

Pemex marks the official launch of Olmeca, Mexico’s newest and largest refinery, which is still running far behind schedule and far over budget.

TGN confirms reports of methane venting from pipelines in May and June

Transportadora de Gas del Norte (TGN), a natural gas transportation and distribution company in northern Argentina, deliberately released about 1mn cubic metres of methane into the atmosphere in May and June.

Petroecuador reportedly lifts force majeure on Oriente crude oil

Ecuador’s national oil company Petroecuador has reportedly lifted its declaration of force majeure on exports of Oriente crude, its main export grade, as of earlier this week.

ExxonMobil rep says Gas-to-Energy project will help Guyana keep emissions down

The head of a unit of US-based ExxonMobil has said that the Gas-to-Energy (GTE) project now underway in Guyana will play a major role in reducing the South American state’s greenhouse (GHG) gas emissions.

Economists: Higher oil production set to drive Venezuela’s GDP upward by 8.3% this year

Venezuela’s GDP is expected to achieve its fastest rate of growth in the last 15 years in 2022, largely as a result of rising crude oil production, economists told Bloomberg last week.

ANP data show gas flaring up in May

Brazil’s natural and associated gas flaring rose in May of this year, both in comparison to the previous month and in comparison to May 2021.

Pemex data show oil exports to North America rose significantly in May

Mexico’s national oil company Pemex has reported that oil exports to North America increased substantially in May of this year, both in comparison to the previous month and in comparison to May 2021.

Peru LNG reports export volumes down in June

Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes decline month on month in June.

Barkindo: Downstream factors play a key role in oil price volatility

Mohammad Sanusi Barkindo, the late secretary-general of OPEC, said hours before his death that constraints in the downstream sector were making a bigger contribution to the volatility of oil prices than most observers realise.

OPEC secretary-general dies in Abuja

Mohammad Sanusi Barkindo, the secretary-general of OPEC, died unexpectedly in Abuja late on July 5.

LatAmOil: Pemex formally launches Olmeca refinery

Mexico’s national oil company Pemex held a ceremony marking the official opening of the Olmeca refinery on July 1.

Unexpected outage forces PdVSA to suspend gasoline production at Cardon refinery

Venezuela’s national oil company PdVSA has halted gasoline production at its second-largest refinery because of unexpected maintenance problems.

Pemex signs LoI with NFE on Lakach deepwater gas project

Pemex is set to resume work on the Lakach natural gas field after a hiatus of more than six years under a letter of intent (LoI) signed with its US-based partner New Fortress Energy (NFE).

Petrobras prepares to receive first Guyanese oil cargo

Brazil’s national oil company Petrobras is due to take delivery of its first cargo of Guyanese light sweet crude for domestic refining before the end of this week.

ANCAP awards three blocks offshore Uruguay to Shell and APA

Uruguay’s national oil company ANCAP said last week that Shell (UK) and APA (US) had won licences for three of the six blocks included in its most recent bidding round.

Guyana ready to proceed with GTP project

Guyana’s government has indicated that it is ready to proceed with a gas-to-power (GTP) project that will provide the country with a new source of energy.

Ecuador’s government strikes deal with CONAIE on fuel prices in order to end protests

Ecuador's government has struck a deal with CONAIE, one of the leading organisations representing the country’s indigenous communities, on bringing an end to nationwide protests over fuel prices and other issues.

AMLO acknowledges higher costs for Olmeca refinery project

Mexican President Andres Manuel Lopez Obrador has conceded that the final bill for the construction of the Olmeca refinery is likely to be considerably higher than the most recent government estimates.

Brazil mulls buying Russian diesel

Brazilian President Jair Bolsonaro said on June 27 that his government might be willing to buy diesel from Russia, as that country was willing to supply the fuel at an attractive price.

CNH investigates Pemex following reports of excessive flaring at Quesqui field in 2019

Mexico’s state oil and gas regulator CNH is investigating reports that the national oil company Pemex engaged in excessive associated gas flaring at the Quesqui oilfield in Tabasco state in 2019.

Two Caribbean refineries try to move beyond their origins

As the Limetree Bay Refinery in St. Croix tries to sort out disputes over ownership amidst accusations of impropriety, RdK says CPR has a green light to discuss a final agreement for the Isla plant.

Maduro hails French officials' call for lifting curb on Venezuelan oil exports

Venezuelan President Nicolas Maduro has responded positively to French government officials’ call for allowing his country, along with Iran, to resume crude oil exports to the world market.

LatAmOil: Petrobras to receive first Guyanese oil cargo

Brazil’s national oil company Petrobras is due to take delivery of its first cargo of Guyanese light sweet crude for domestic refining before the end of this week.

Questions and accusations plague St. Croix Refinery auction

Staatsolie chief keen on upcoming bidding rounds

Annand Jagesar, the managing director of Suriname’s NOC Staatsolie, says his company is looking forward to offering additional shallow- and deepwater blocks to foreign investors over the next year.